Can I retire at age 71 with 900,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator

About Your Retirement ?

Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:

Portfolio ?

% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$74,321$73,659$73,013$72,383$71,767$70,724
2 years$36,793$36,107$35,443$34,799$34,175$33,126
3 years$24,285$23,597$22,934$22,296$21,682$20,660
4 years$18,032$17,346$16,690$16,063$15,464$14,477
5 years$14,281$13,599$12,952$12,338$11,755$10,806
6 years$11,782$11,105$10,467$9,867$9,302$8,391
7 years$9,997$9,326$8,698$8,112$7,565$6,693
8 years$8,659$7,994$7,377$6,805$6,276$5,443
9 years$7,619$6,960$6,354$5,796$5,285$4,491
10 years$6,787$6,135$5,539$4,997$4,503$3,747
11 years$6,108$5,462$4,877$4,348$3,873$3,154
12 years$5,541$4,902$4,328$3,814$3,356$2,674
13 years$5,063$4,430$3,867$3,367$2,927$2,280
14 years$4,653$4,027$3,474$2,989$2,565$1,953
15 years$4,298$3,679$3,137$2,666$2,259$1,680
16 years$3,987$3,375$2,844$2,387$1,996$1,450
17 years$3,714$3,108$2,588$2,145$1,770$1,255
18 years$3,471$2,872$2,362$1,933$1,574$1,089
19 years$3,254$2,662$2,163$1,746$1,403$946
20 years$3,059$2,474$1,985$1,582$1,253$824
21 years$2,883$2,304$1,826$1,436$1,121$719
22 years$2,722$2,151$1,683$1,305$1,005$628
23 years$2,577$2,012$1,554$1,189$902$549
24 years$2,443$1,885$1,437$1,084$811$480
25 years$2,320$1,769$1,331$990$730$420
26 years$2,207$1,662$1,234$905$657$369
27 years$2,103$1,564$1,146$829$593$323
28 years$2,006$1,474$1,065$759$535$284
29 years$1,916$1,391$991$696$483$249
30 years$1,832$1,313$924$639$436$219
31 years$1,754$1,242$861$587$394$192
32 years$1,680$1,175$803$539$357$169
33 years$1,612$1,113$750$496$323$149
34 years$1,547$1,054$701$456$292$131
35 years$1,487$1,000$655$420$265$115
36 years$1,429$949$613$387$240$101
37 years$1,375$902$574$356$217$89
38 years$1,324$857$537$329$197$78
39 years$1,276$815$503$303$179$69
40 years$1,230$775$472$279$162$61
41 years$1,187$738$442$258$147$53
42 years$1,146$703$415$238$133$47
43 years$1,107$670$389$220$121$41
44 years$1,069$638$366$203$110$36
45 years$1,034$609$343$187$100$32
46 years$1,000$581$322$173$91$28
47 years$968$554$303$160$82$25
48 years$937$529$285$148$75$22
49 years$907$505$267$136$68$19
50 years$879$482$251$126$62$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $900,000, adding $5,509 every year, while hoping to spend $32,360 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 33/50/17 Blend
70$900,000$900,000$900,000$900,000
71$997,483$949,783$935,833$1,024,964
72$1,064,795$961,891$932,752$1,057,814
73$1,137,889$973,508$928,484$1,089,808
74$1,217,319$984,576$922,954$1,123,598
75$1,303,698$995,032$916,085$1,159,362
76$1,397,697$1,004,811$907,795$1,197,294
77$1,500,055$1,013,840$898,000$1,237,611
78$1,611,588$1,022,046$886,611$1,280,554
79$1,733,191$1,029,347$873,533$1,326,392
80$1,865,850$1,035,658$858,670$1,375,419
81$2,010,650$1,040,889$841,919$1,427,966
82$2,168,786$1,044,942$823,172$1,484,398
83$2,341,573$1,047,715$802,319$1,545,119
84$2,530,458$1,049,098$779,242$1,610,577
85$2,737,037$1,048,975$753,818$1,681,271
86$2,963,063$1,047,223$725,920$1,757,751
87$3,210,470$1,043,711$695,412$1,840,627
88$3,481,385$1,038,300$662,156$1,930,577
89$3,778,151$1,030,843$626,004$2,028,350
90$4,103,351$1,021,182$586,803$2,134,775
91$4,459,826$1,009,153$544,393$2,250,771
92$4,850,706$994,579$498,608$2,377,355
93$5,279,438$977,274$449,273$2,515,653
94$5,749,822$957,042$396,204$2,666,909
95$6,266,039$933,672$339,212$2,832,503
96$6,832,696$906,943$278,097$3,013,958
97$7,454,870$876,622$212,652$3,212,962
98$8,138,150$842,460$142,659$3,431,379
99$8,888,696$804,195$67,893$3,671,271
100$9,713,291$761,549$0$3,934,919